Ictem Legal is a practice that spun out of ELIG and in a nut shell now effectively comprises ELIG’s banking team, with name partner Serkan Içtem, a highly respected presence in the Turkish market, heading up the firm.
Client feedback was fully supportive of the new entity....
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Ictem Legal is a practice that spun out of ELIG and in a nut shell now effectively comprises ELIG’s banking team, with name partner Serkan Içtem, a highly respected presence in the Turkish market, heading up the firm.
Client feedback was fully supportive of the new entity. “They did a great job. They definitely knew what they were doing,” says one while another referenced the firm’s strength in depth: “He had one or two juniors working with him and they knew the answers."
One other client wished to work with Içtem so much he lobbied on their behalf: “I am not blowing steam about them being good. I have paid enormous fees for useless support before. I worked to get approval to use this firm.”
Unsurprisingly, the firm has a particular strength in banking and finance work. A good representative deal saw him advising Modern Karton Sanayi ve Ticaret as the borrower on amendments to a loan agreement worth €150 million, a deal which concluded in the middle of 2010.
The big deal for the firm came when it advised the joint lead managers, BNP Paribas and Standard Chartered Bank, on the high-yield note issuance by Yuksel Insaat, the only deal of its kind in Turkey in 2010. Concluding in November, the deal was worth $250 million.
Leading lawyers
Serkan Içtem
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